Jerome Mutumba

DBN announces retirement of CEO a year ahead
19 Aug

DBN announces retirement of CEO a year ahead

ObserverNational News, ,
Martin Endjala The Board of the Development Bank of Namibia (DBN) has announced that Martin Inkumbi, CEO of the Bank, will step down from his position in August 2023, at the end of his current second five-year tenure, as he would not seek reappointment after serving ten years in the role. The Board has since commissioned the commencement of the recruitment process to ensure a seamless transition at the time of Inkumbi departure. During the intervening period, the Board will seek a potential successor in a transparent manner with the assistance of an external recruitment agency. This was confirmed today…
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Businesses recovery from pandemic to take time
10 Aug

Businesses recovery from pandemic to take time

ObserverObserver Money, ,
CHAMWE KAIRA Businesses are slowly recovering from the losses brought about by disruptions from the Covid -19 pandemic lockdowns. The Development Bank of Namibia believes that the recovery process will still take time before businesses start to operate at normal levels. Head of Marketing and Corporate Communication, Jerome Mutumba notes that the debt servicing is still one area that a number of businesses are yet comfortably able to deal with, but some are slowly getting there. “Regrettably, there are businesses that simply had to shut down for good, and the only option for lenders to such business is liquidation of…
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